Lincoln Presidency P's going for $160 a box on ebay

packers88

I heard a couple of ebay sellers were doing presales for under $100 and they never delivered even though they claimed mid november delivery dates and now they are getting bombarded with negatives. Does anyone know the mintage figures yet for the PResidency P's?

19Lyds

Ya lost me........................

Type2

I think I have the Denver.

InternetJunky

OPA

The Mint sold them by the set and not by the mint mark. The sets are available for under $15 on ebay and for $10 from the Mint. Not sure what you are talking about.

lope208

He's probably referring to the $25 bricks from the bank....

19Lyds

<< <i>He's probably referring to the $25 bricks from the bank.... >>



A-h-h-h-h!

packers88

Yes, the $25 bank boxes is what I'm referring to. ONe guy from colorado sold a bunch of presales and he supposedly couldn'y get them from his source like he promised and customers are hitting him with negatives left and right. I'm hearing that the P's are going to be significantly under minted relative to the first 3 in the series and supposedly the Fed is not shipping P's many P's out. I think the P's might be heading for $300 a box if the Fed is all done distributing for a while.

Papi

<< <i>Yes, the $25 bank boxes is what I'm referring to. ONe guy from colorado sold a bunch of presales and he supposedly couldn'y get them from his source like he promised and customers are hitting him with negatives left and right. I'm hearing that the P's are going to be significantly under minted relative to the first 3 in the series and supposedly the Fed is not shipping P's many P's out. I think the P's might be heading for $300 a box if the Fed is all done distributing for a while. >>



There may not be any more for the Fed to distribute.

This is a quote from "Mint News Blog"

"It has not yet been confirmed whether production of the 2009 Lincoln Cent Presidency design has officially ended. If it has already ended or will end without significant additional production, the mintage would set a new low for 2009 Lincoln Cents.

The lowest mintage is currently held by the 2009-P Birthplace Cent at 284.40 million. By backing the final mintages of the first three designs from the year to date production totals, possible mintages for the Presidency Cent come in at 198.00 million Denver Mint coins and 129.60 million Philadelphia Mint coins. These figures would be far enough below the existing low to cause some excitement. I will have more information posted once I can confirm the status."

The article shows that only 8 million Presidency Cents were produced in Philadelphia during November.

If these numbers reflect the total production that would mean only 51,840 $25 bank boxes, or 2,592,000 50c rolls . Of course that does not take into account the coins that were used in other Mint products.

Bochiman

Well, I don't play with the $25 bricks, but I did buy 5 of the mint's box sets, so I at least have 5x50 of the "P" mints

packers88

If it is true that only 130 million p's were produced then these are heading much higher. You figure what 2 or 3 billion were produced of 01, 02, 03, 04, etcc. pennies each year so here you have the lp4 p's at only 5% of the average production for past years. This would undoubtedly be a huge rarity and probably the rarest penny ever. Someone please correct me if I'm wrong, but has any penny in the past 100 years had a production less than 130 million?

Bochiman

<< <i>If it is true that only 130 million p's were produced then these are heading much higher. You figure what 2 or 3 billion were produced of 01, 02, 03, 04, etcc. pennies each year so here you have the lp4 p's at only 5% of the average production for past years. This would undoubtedly be a huge rarity and probably the rarest penny ever. Someone please correct me if I'm wrong, but has any penny in the past 100 years had a production less than 130 million? >>



Doesn't always matter. Sure, to speculators, they may push up prices for a bit, but, thanks to the mint doing the box sets, there will be plenty that COLLECTORS will already have in mint condition (BU).
Think back to the '50-D nickels. Before my time, but I looked back and saw the rise/speculation in pricing on them then they settled.

The mint kills some of the collection by having too many designs in too short of a time. People get burned out.

Papi

<< <i>If it is true that only 130 million p's were produced then these are heading much higher. You figure what 2 or 3 billion were produced of 01, 02, 03, 04, etcc. pennies each year so here you have the lp4 p's at only 5% of the average production for past years. This would undoubtedly be a huge rarity and probably the rarest penny ever. Someone please correct me if I'm wrong, but has any penny in the past 100 years had a production less than 130 million? >>




There have been many mintages far below 130 million. Total Lincoln cent production, combined for all Mints P,D,& S, for the years 1931, 1932, & 1933 was only 64,864,000.

boucharda

I have seen boxed wine but never boxed P's...especially Lincoln's